The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-14
Mr.. POGUE'S PLANS.
It Is Believed that He Intends to Supply
Natural Gas to Manufacturers Specially.

There was some speculation, yesterday,
the purchase of the Broad Ripple company's
leases contract and stock by a. L. Pogue. 1t
was intimated by some that the indianapolis
Natural-gas Company had interest in the
trade but direct denial of this came last night
from Mr. Fletcher. ''There is absolutely moth
ing in that supposition rumor," he said. 1--WE
have little stock in the company, but know
nothing of Mr.. Pogues negotiations or the
character of the trade" Those who know Mr..
Pogue say he has any amount of capital to sup
port him in whatever he undertakes. He is
himself wealthy. and is in position to command
Eastern money through capitalists who have
operated with him in other enterprises. He Is, "
said one of his friends, 1.-THE shfewdest and
nerviest man ever saw in pushing to success
projects that others would regard altogether
unpromising He is ready for anything, from
trading a house and lot to building a railroad.
He was here all week, but assure you that |
could not even SurmlSe what he was after until
I heard of his visiting the Broad Ripple wells.
After that he to me to find out what
knew about them, but he never let me into the
secret of the deal until it was nearly consum-
mated"
He ought to have invited you to come in
the ground floor" was suggested.
.'Pogue is not that kind of He makes
his plans to suit himself. and when he gets ready
he NAV ask me to take place in the garnet.
Whatever he says he will do, and he will do it
s.Wiil the investment be proftablel'
s'He can make it so. if his purposes are what
think them to be. He can develop that region
sufficiently to obtain 40 600 900 90 600 600 feet
of gas per day. The last well is good one of it's
class. There is no doubt about that 1t is flow
ing at the rate of 3 900 900 feet per day. and it
was drilled in the direction where many more of
its kindean be obtained. The supply can be prof
itably utilized for special consumption. and
think that is Pogues idea. He viii
lay the pipe rapidly as possible
so as to get to the city within
the next two weeks. The gas he has got by that
time will be sold to few manufacturers solely.
AS the supply increases he will work to increase
that class of customers in preference to others.
I sincerely believe that before two years go by
we will have six pipeline companies supplying
the CITY, and that within the next twelve months
gas will be sold TO manufacturers at23 cents per
thousand feet"
To-day the Cons lmers' Gas Trust Company
will organize special canvass for the balance
ouired to complete the $500 600 in subscriptions.
1t is confidently expected that vigorous solicit
tation among those who can increase their sub
scriptions and those who have been undecided,
that but little trouble will be experienced in the
work The amount to be raised is S9l 900.
The Protection of Gas-Trust Subscribers.
To the Editor of the Indianapolis journal:
After nearly five thousand persons have sub
scribed for stock in the Consumers Trust Com
pany, upon repeated representations and assur-
ances that they could not lose anything, and